Animals

Nonprofit Mgmt

A research team at the Centre for Charitable Giving made up of researchers from he universities of Newcastle, Exeter and Strathclyde, has conducted a major initiative to understand the experiences of entrepreneurs turned philanthropists.

They found that these entrepreneurs shared some common traits:

Pursuit on a not-for-profit basis of big social objectives through active involvement of their economic, cultural, social and symbolic resources.

Application of business-like methods when making social investments: key performance indicators and rates of return.

Investment of more than just money to their causes: time, connections, the 'know-how', branding.

Application of leverage to their investments and frequent collaboration with others, including governments.

They don't believe in giving handouts. They want to help others to help themselves.

The researchers also found that the entrepreneurs accrued tremendous benefits from their philanthropic efforts.

Private nonprofit organizations whose primary purpose is to promote the practice of charitable giving and volunteering or to represent and serve a wide range of philanthropic and charitable institutions.